FinNexus

FinNexus is building an open finance protocol to power hybrid marketplaces that trade both decentralized and traditional financial products. The first products available on FinNexus will be innovative tokenized assets with value based on real-world cash flows.
FinNexus is not just one protocol, but in fact it is a collection of multiple protocols that together compose the FinNexus ecosystem. FinNexus v1.0 with the first batch of assets goes online in Q1 2020.
FinNexus partners currently include GENESIS Group, Consensus Labs, Hillstone, Bitrue, BKEX Capital and others. 
The FinNexus project was initiated by two major founding investors, Wanchain and SuperAtom.
-Wanchain's technology will form the basis for the FinNexus platform, and the Wanchain team will provide comprehensive technical support for FinNexus.
-SuperAtom is a fintech company incubated by Cheetah Mobile. SuperAtom will play a key role in the FinNexus’s early stages by working together to tokenize the financial products which provide moderate and stable investment returns.
One of FinNexus’s goals is to provide the blockchain world with more assets with real value, this principle is reflected via their innovative token issuance model called: Initial Convertible Token Offering (ICTO). 
-FinNexus will issue the FinNexus Token (FNX), which will be convertable to an asset backed token with the symbol UM1S. The holders of UM1S are eligible to benefit with an annualized rate of return at over 10% paid in USDT (the return of the token is backed by the UangMe consumer loan business in Indonesia, with the originator SuperAtom).  
-FNX token will be the sole utility token in the FinNexus ecosystem. Any FNX tokens not converted to UM1S during the conversion period are no longer eiligible for conversion and will remain as FNX tokens permanently.  
-FNX tokens which are converted to UM1S tokens will be reduced from the total supply of FNX tokens, reducing the maximum supply of tokens.
Moreover, 25% of FinNexus fees will be used for the buffer fund:
-The first role of the buffer fund is to stabilize FNX’s value (publicly buy back FNX once the fund team determines the price of FNX to have fallen lower than the market value or in the case that the fee scale falls).
-The buffer fund will be used to compensate users’ losses when an uncontrollable factor causes FinNexus users to lose their assets. The buffer fund will otherwise be invested in assets with stable return for value preservation and appreciation